If a box in a damaged condition arrives at your customer`s home or a component is broken during transport, your customer will most likely look at you as a manufacturer or distributor to ”do it right, regardless of the supplier. This is why it is so important that the respective damage and liability obligations are clearly defined in your 3PL contract. Part of your contract negotiations should include a detailed discussion of all the valuable storage services your business expects to break down those costs. From product handling services to overtime for storage staff during your peak hours, hashing these costs runs the logistics transmission trade machine in advance. As a service provider, a 3PL is ready to offer its customers the best possible experience. For larger customers, this can take the form of significant changes to the storage infrastructure, or even in the form of dedicated storage and shipping facilities. A logistics service provider is willing to make these efforts on behalf of its customers, but it`s understandable that the 3PL needs appeasement in return. You might be tempted to ”sign a handshake” or leave an important thought undefined to get a business partnership, but this could put you in a difficult position if something goes wrong. Make no mistake: you absolutely need a well-written logistics services contract and it should have these four important functions to offer you the most reliable trade protection. As a result, logistics transactions between the group and Fengshen Logistics and Dong Hon Logistics will continue after the establishment of the JV company, which is covered by the Master Logistics Services Agreement.
With insolvency deadlines that go far beyond personal bankruptcies – in some cases more than a decade – a storage deposit right can provide proof of guaranteed status in the event of insolvency, giving clarity and security to the company and its logistics partner. A defined term allows your finance team to accurately anticipate costs, grow your business sustainably and also support your business relationship with your 3PL. The length and depth of these terms vary greatly depending on your industry and logistics needs, but your logistics partner can make suggestions and explain their requirements to speed up the process. The result is a win-win situation for both parties and significant savings for you. Contracts are a necessary element to set expectations and ensure excellent results in the logistics sector. However, negotiating them is not always a comfortable process. While the delivery of an intact product is important, storage issues are particularly important for the food, beverage and pharmaceutical industries. For food and beverages, the poorly stored product can be contaminated or fermented without a clear temperature setting, without changing its external appearance.. . . .